Barclays Says Italy Is Finished: “Mathematically Beyond Point Of No Return”

Tuesday, November 8, 2011
By Paul Martin

by Tyler Durden

Euphoria may have returned briefly courtesy of yet another promise for a resignation that will likely not be effectuated for weeks or months, if at all, and already someone has done the math on what the events in the past several days reveal for Italy. That someone is Barcalys, the math is not pretty, and the conclusion is that “Italy is now mathematically beyond point of no return.”

Summary from Barclays Capital inst sales:

1) At this point, it seems Italy is now mathematically beyond point of no return2) While reforms are necessary, in and of itself not be enough to prevent crisis

The Rest…HERE

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